DP World Reports 2.2% Gross Volume Growth In 9M2016

DP World Limited handled 47.5 million TEU across its global portfolio of container terminals during the first nine months of 2016, with gross container volumes growing by 2.2% on a reported basis, and up 1.0% on a like-for-like1 basis.

European and Indian subcontinent terminals continue to deliver a robust performance, while conditions in Australia and Latin America remain challenging.

The UAE handled 11.1 million TEU, down 6.7% year-on-year due to a reduction in lower-margin transhipment cargo. At a consolidated2 level, our terminals handled 21.9 million TEU during the first nine months of 2016, a 0.3% improvement in performance on a reported basis and down 2.3% year-onyear on a like-for-like3 basis.

“We will continue to maintain capital expenditure discipline by bringing on capacity in line with demand, while focusing on targeting higher margin cargo, improving efficiencies and managing costs to drive profitability. Given the performance in the first nine months, we are well placed to meet full year market expectations.”